This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.

Case Details:

Price:

Themes

-

Case Length

:

19 Pages

Period

:

1950-2007

Pub. Date

:

2008

Teaching Note

:

Not Available

Organization

:

--

Industry

:

-

Countries

:

Norway,
Denmark, Finland, Iceland, and Sweden

Abstract:

The Nordic economic model, characterized by market-based
economies and generous welfare systems, seemed to be working well, with the
countries in the region figuring at the top of various lists that ranked
countries on the basis of human development, per capita income, economic
freedom, etc.

The case discusses the history of the Nordic economies over the years. It then
explains the main features of the Nordic economic model and goes on to examine
some of the reasons behind the global competitiveness of the Nordic economies.

The case also recounts some challenges that these countries
face as well as the criticisms of the welfare model adopted by these countries.
The case ends with a brief discussion on the outlook for these countries.

Issues:

» Understand the evolution of Nordic economies.

» Analyze the reasons behind the competitiveness of the Nordic economies.

» Evaluate the sustainability of the welfare policies adopted by Nordic
economies.

» Analyze the future of the Nordic region in the light of challenges such as
aging populations, globalization, etc.